Novo Resources (TSX:NVO) Debt-to-Asset : 0.01 (As of Sep. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Novo Resources Debt-to-Asset?

Novo Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.11 Mil. Novo Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.37 Mil. Novo Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was C$95.95 Mil. Novo Resources's debt to asset for the quarter that ended in Sep. 2024 was 0.00.

Novo Resources Debt-to-Asset Historical Data

The historical data trend for Novo Resources's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Novo Resources Debt-to-Asset Chart

Novo Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Dec21

Dec22

Dec23

Debt-to-Asset

Get a 7-Day Free Trial

0.05

0.17

0.03

0.02

Novo Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.01	0.02	0.01	0.01	0.01

Competitive Comparison of Novo Resources's Debt-to-Asset

For the Gold subindustry, Novo Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novo Resources's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novo Resources's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Novo Resources's Debt-to-Asset falls into.

Novo Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Novo Resources's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.169	+	0.446)	/	106.451
	=	0.02

Novo Resources's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.109	+	0.369)	/	95.954
	=	0.00

Novo Resources (TSX:NVO) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Novo Resources Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Novo Resources's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Novo Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novo Resources Corp (TSX:NVO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NSRPF:USA 1NO:Germany NVO:Australia

Address

1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.novoresources.com

Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.

Executives

Quinton Todd Hennigh	Director
Michael Charles Barrett	Director
Ronan Joseph Sabo-walsh	Senior Officer
Robert James Humphryson	Senior Officer
Kirkland Lake Gold Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Leonidas Karabelas	Senior Officer
Gregory Gibson	Director